6 Ways to Make Money on TikTok
Even though TikTok is still a new kid on the block, it has somehow managed to reach the mark of a whooping one billion plus active users which is twice the number of active tweeters on Twitter. It is a platform full of so many opportunities even for people who are considering visual content creation as a full-time job.
TikTok is all the rage mainly because of the myriad of short, creative, educative, entertaining, and viral challenge videos hosted there. With the right content strategy hashtag combination and content that actually appeals to people, you will realize that it is no herculean task to grow, earn and even go viral on TikTok.
Below are some ways to make money from such a massive audience network.
Receive Donations from Fans
This is one of TikTok’s latest features which enables you to earn some extra cash in form of gifts that fans give to show their appreciation for your content. During a lifestream session, your fan can send you tips that you can exchange for real cash.
To be eligible for receiving gifts, you need to reach the one thousand follower milestone
Sell Your TikTok Accounts
Most people cannot afford to go through the stress of growing a TikTok account from scratch and therefore prefer to buy accounts that already have a decent amount of following. This also creates another avenue for you to make money.
You can easily start up a new TikTok account, create content, earn some followers, and put it up for sale. Platforms like Fameswap serve as a marketplace for listing any social media account for sale.
Read also: How To Get Ideas For Tiktok Video
Try Crowdfunding
Platforms like Gofundme, Cash app, Buy me coffee Tipee, etc aid creators to receive donations from fans and followers who appreciate their work. Simply create accounts on these platforms and add a link to your wallet where people can send you support.
You can also make posts soliciting for support to help you keep serving them with quality content.
Start a Patreon
Patreon is a service that gives digital creators like TikTokers opportunities to earn money from their followers by paying for the content they enjoy. It is like having to buy tickets to watch your favorite artist perform live.
The creator gets to set their rates and the fans or Patrons pay to gain access to exclusives like one-on-one conversations, meet and greets, giveaways, unreleased content, behind-the-scenes, etc.
Sell Your Products
You can easily earn money by selling on TikTok either by making videos directly to your TikTok channel or using the shopping feature which allows users to see your products listed in the seller center. The downside of the TikTok shopping feature is that it is not available in all countries and not every account is eligible which brings us back to the initial option of marketing them directly as posts that appears on your account.
The best-selling merch on TikTok is fashion and beauty items such as T-shirts, hats, makeup items, and the like. If you are an influencer, you can easily make good money by selling merch to your fans on TikTok.
Read also: How To Go Viral On TikTok
TikTok Creator Fund
TikTokers with the creator accounts can easily start earning money by joining the TikTok Fund Program. Once you’re eligible, you start earning money according to the number of users engaging on your content. However, you need at least 10,000 followers and 100,000 views monthly to be able to turn this feature on.
Conclusion
Making money on TikTok is not limited to the six points briefly explained in this article, as you can still explore more ways like partnerships, sponsored content, etc these can equally help you earn some money. The ones I have highlighted here are the easiest and most recommended ones to try for micro-influencers. Keep the following dailygam for more ways to benefit from your social media accounts.
